Ford Motor Company Stands Tall Amid Rougher August Sales Data - Motley Fool
The auto industry was up against very strong comparisons from last August, aided by the fact that a very strong selling holiday, Labor Day weekend, was counted in August last year, but will be counted in September this year. On top of that, there were 26 selling days in August 2015 compared to the prior year's 27. Basically, the deck was stacked against the new-vehicle sales in August in terms of year-over-year comparisons, but overall, the seasonally adjusted annual... On the flip side, Chevrolet and Cadillac posted respective declines of 1. 5% and 5. 5%. All in all, that adds up to a decline of 0. 7% for GM in August compared to last year. While General Motors' overall sales declined slightly last month, its retail sales checked in at a healthy level. GM's retail deliveries moved 6% higher compared to last year's August, which, again, included Labor Day sales, and fleet sales checked in 24% lower. As GM's retail sales moved higher, and fleet sales moved lower -- especially rental sales, which moved 28% lower -- it should reinforce GM's solid EBIT-adjusted margins in North America. Source: www.fool.com
